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2 years ago

What might be a plausible explanation for the extra entry? give at least two possibilities

Business

1 answer:

Schach [20]2 years ago

8 0

Over confidence and Excess Entry are the plausible explanation for the extra entry.

Explanation:

An individual who undertakes the organization, creation, ownership of the business with potential growth.

Over confidence causes business entry mistakes and not been directly tested by economic decisions.

The experimental setting with basic features of business entry situations are created. The findings are consistent with the predictions that over confidence leads to excessive business entry.

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The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

taurus [48]

Answer:

Materials costs =$ 14.6 Per EUP

Conversion Costs= $6 Per EUP

Explanation:

Ashad Company

Process Cost Summary

Weighted Average Method

Equivalent Units of Production

Direct Materials Conversion

Units transferred out 43,000 43,000

Units of ending work in process 4,700 2,820

Equivalent units of production 47,700 45,820

Costs per EUP

 Direct Materials Conversion 

Costs of beginning work in process$ 28,450 $3,270

Costs incurred this period 667,970 271,650

Total costs $696,420 $274,920

Equivalent units of production 47,700 45,820

Cost Per Equivalent Unit $696,420/ 47,700 $274,920/ 45,820

$ 14.6 Per EUP $6 Per EUP

8 0

2 years ago

How does the payment of rent for equipment affect the accounting equation? assets increase; assets decrease assets decrease; sto

djverab [1.8K]

The answer to this question is assets decrease; stockholders' equity decreases

The journal for this transaction would be

Debit: Rent expense xxxxx
Credit: Cash xxxx

Since cash is considered an asset, it will decrease asset if it placed on credit.
Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit

6 0

2 years ago

Read 2 more answers

The skill you’re focusing on this week is:

Ludmilka [50]

could you explain some more please

8 0

2 years ago

Service Revenue for the year = $80,000. Of this amount, $70,000 is collected during the year and $10,000 is expected to be colle

galina1969 [7]

Answer:

Net Cash Inflow from Operating Activities = $16,000

Explanation:

In the given information, it is not provided that cash is paid or not for Supplies, thus, assumed it was paid at the time of acquisition, and not in the current period when it is only charge to expense.

In that case, Cash generated from operating activities using direct method, shall be:

Cash flow from Operating Activities

Cash revenue collected = $70,000

Cash collected in advance = $2,000

Total cash inflow = $72,000

Cash paid for salaries = - $35,000

Cash paid for advertising expense = - $10,000

Cash paid for utilities = - $11,000

Total Cash outflow = - $56,000

Net Cash Inflow from Operating Activities = $16,000

6 0

2 years ago

Prepare Garzon Company's journal entries to record the following transactions for the current year. January 1 Purchases 9.5% bon

Andre45 [30]

Answer:

Garzon Company

Journal Entries

January 1 Debit 9.5% Bonds Receivable PBS $45,600

Credit Cash $45,600

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,166

Credit Bonds Interest Revenue $2,166

To record the receipt of first semiannual interest.

December 31 Debit Cash $47,766

Credit 9.5% Bonds Receivable $45,600

Credit Bonds Interest Revenue $2,166

To record the receipt of both principal and second semiannual interest.

January 1 Debit 9% Bonds Receivable PBS $52,000

Credit Cash $52,000

To record the purchase of bonds in PBS.

June 30 Debit Cash $2,340

Credit Bonds Interest Revenue $2,340

To record the receipt of first semiannual interest.

December 31 Debit Cash $54,340

Credit 9% Bonds Receivable $52,000

Credit Bonds Interest Revenue $2,340

To record the receipt of both principal and second semiannual interest.

Explanation:

a) Data and Analysis:

January 1 9.5% Bonds Receivable PBS $45,600 Cash $45,600

June 30 Cash $2,166 Bonds Interest Revenue $2,166

December 31 Cash $47,766 9.5% Bonds Receivable $45,600 Bonds Interest Revenue $2,166

January 1 9% Bonds Receivable PBS $52,000 Cash $52,000

June 30 Cash $2,340 Bonds Interest Revenue $2,340

December 31 Cash $54,340 9% Bonds Receivable $52,000 Bonds Interest Revenue $2,340

3 0

1 year ago